QNXT vs QQA
iShares Nasdaq-100 ex Top 30 ETF vs Invesco QQQ Income Advantage ETF
Which is better, QNXT or QQA?
QQA has been ahead.
QNXT has a lower expense ratio. QQA led over 1Y and the full window. QNXT is less concentrated, with 30.2% of the fund in its ten largest positions against 52.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QNXT | QQA |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.29% |
| AUM | $28M | $937M |
| Dividend Yield | 0.71% | 9.80% |
| Holdings | 73 | 246 |
| YTD Return | +11.95% | +15.40%Best |
| 1Y Return | +11.64% | +17.73%Best |
| Volatility (annualized) | 15.5% | 13.2%Best |
| Max Drawdown | -22.1% | -19.7%Best |
| $10,000 over 2 years | $12,638 | $14,223Best |
| Top 10 Weight | 30.2%Best | 52.9% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 23, 2024 | Jul 17, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 24, 2024 to Oct 14, 2026 (2 years).
QNXT vs QQA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
QNXT vs QQA Performance
iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an ETF from iShares by BlackRock (US) and Invesco QQQ Income Advantage ETF (QQA) is an ETF from Invesco (US). Over the past year QNXT returned +11.64% while QQA returned +17.73%. Year to date, QNXT is up 11.95% versus a gain of 15.40% for QQA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QNXT has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 13.2% for QQA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for QNXT and -19.7% for QQA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QNXT charges 0.20% per year while QQA charges 0.29%. On a $10,000 position that is $20 vs $29 annually, a gap of $9 per year that compounds over a long holding period. On income, QNXT currently yields 0.71% against 9.80% for QQA.
Holdings Overlap
98.0% of QNXT's money is in holdings QQA also owns. 16.5% of QQA's money is in holdings QNXT also owns.
Most of QNXT is already inside QQA. Owning both mostly buys the same companies twice.
68 positions in common, counted across the 71 positions we hold weights for in QNXT and 112 in QQA, against full books of 73 and 246.
What only one of them owns
Our book lists 37 positions for QQA that do not appear in our book for QNXT (79.8% of the fund), and 1 for QNXT that do not appear in QQA (0.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QNXT | Weight in QQA | Difference |
|---|---|---|---|
| ADIAnalog Devices, Inc. | 3.66% | 0.64% | 3.02% |
| QCOMQualcomm Inc. | 3.57% | 0.61% | 2.96% |
| GILDGilead Sciences | 3.41% | 0.56% | 2.85% |
| SHOP:CAShopify Inc | 3.36% | 0.57% | 2.79% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 3.17% | 0.55% | 2.62% |
| WDCWestern Digital Corp. | 3.11% | 0.47% | 2.64% |
| ISRGIntuitive Surgical Inc. | 2.65% | 0.44% | 2.21% |
| FTNTFortinet Inc | 2.45% | 0.42% | 2.03% |
| VRTXNvaesrtex Pharmaceuticals Inc | 2.40% | 0.40% | 2.00% |
| ARMArm Holdings Plc Adr | 2.38% | 0.42% | 1.96% |
98.0% of QNXT is already inside QQA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QNXT or QQA?
QNXT has an expense ratio of 0.20% while QQA charges 0.29%. QNXT is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, QNXT or QQA?
Over the past year QNXT returned +11.64% vs +17.73% for QQA, so QQA leads on 1-year performance. Over the longest common window we track (2 years), QNXT annualized +12.42% vs +19.26% for QQA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QNXT or QQA?
QNXT has been the more volatile fund at 15.5% annualized versus 13.2% for QQA. Worst drawdown: QNXT -22.1% vs QQA -19.7%.
Should I hold both QNXT and QQA?
QNXT and QQA have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QNXT and QQA?
98.0% of QNXT's money is in holdings QQA also owns. 16.5% of QQA's is in holdings QNXT also owns. They hold 68 positions in common, counted across the 71 positions we hold weights for in QNXT and 112 in QQA.
Which pays a higher dividend, QNXT or QQA?
QNXT yields 0.71% while QQA yields 9.80%, so QQA currently pays the higher dividend yield.
Is QQA better than QNXT?
QNXT has a lower expense ratio. QQA led over 1Y and the full window. QNXT is less concentrated, with 30.2% of the fund in its ten largest positions against 52.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.